HEA 478 - Strategic Management in Healthcare » Fall 2021 » Chapter 7 Quiz

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Question #1
If a large percentage of an organization's product is purchased by one firm, what situation exists?
A.   High rivalry
B.   High buyer power
C.   High seller market power
D.   A monopoly
Question #2
Which of the following is not one of the driving forces discussed in the text?
A.   Political changes
B.   Technological changes
C.   Chronic disease
D.   Workforce availability
Question #3
In healthcare, GPO stands for
A.   group performance options
B.   group physician organization
C.   group policy ordinance
D.   group-purchasing organization
Question #4
All of the following create barriers to entry except
A.   product differentiation
B.   economies of scale
C.   the size of a market
D.   access to distribution channels
Question #5
Mobility barriers
A.   are generally illegal in the United States
B.   increase the rivalry in a market
C.   block organizations from moving into a new industry
D.   impede organizations from moving into a different strategic group
Question #6
A patient's reluctance to change his physician might be considered
A.   consumer preference
B.   a switching cost
C.   product differentiation
D.   monopolistic competition
Question #7
Governments in healthcare have increased barriers to entry by creating
A.   membership requirements
B.   certificate-of-need laws
C.   Medicaid
D.   Medicare
Question #8
Which of the following is not identified in the text as a factor that may increase rivalry?
A.   Degree of product differentiation
B.   Height of exit barriers
C.   Similar leadership
D.   Rate of demand growth
Question #9
Which of the following is not one of the forces used in Porter's Five Forces model?
A.   Power of buyers
B.   Power of key stakeholders
C.   Threat of substitutes
D.   Potential for new entrants
Question #10
Scenario analysis may be important
A.   for preparing contingencies for potential major changes in the future
B.   for accurately allocating resources across corporate units
C.   to organizations that exist in relatively stable environments
D.   to an organization's success because it enables the organization to accurately predict the future
Question #11
A PEST analysis is a method of
A.   determining patient origin
B.   determining strategic goals
C.   selecting driving forces
D.   analyzing market demand

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